Findex fined over ‘independent’ claim
10 October 2016
The Findex Group has been fined $10,800 for describing itself as independent…
Life Insurance
FSCNZ holds onto disgruntled insurance members
10 October 2016
The Financial Services Council of New Zealand has retained all major insurer and bank members after a number resigned last year when the council commissioned a controversial report into life insurance advice…
AMP dealer group utilises life-goal technology
10 October 2016
AMP says its new financial advice business, AMP Advice, will use Goals Explorer interactive technology…
Industry bodies unite to hail group life
10 October 2016
In a rare display of mutual support, five industry associations involved in the superannuation sector have presented a united front on group life cover…
Centrepoint takes stake in wholesale advice group
10 October 2016
Centrepoint Alliance has bought a “strategic stake” in wholesale advice provider RFE Group for an undisclosed sum…
NSW adviser takes AFA’s top award
10 October 2016
Darren Johns from Align Financial in NSW has been named the Association of Financial Advisers adviser of the year…
Adviser banned over false diploma claim
10 October 2016
A Tasmanian financial adviser has been permanently banned for making false statements about his qualifications…
Sales culture harms banks’ reputation, staff union says
10 October 2016
Consumer confidence in banks will improve if groups scrap employee sales targets and make product recommendations based on customers’ best interests, the Financial Sector Union says…
TAL forms partnership with nutritionist
10 October 2016
TAL has joined forces with a healthy eating expert to give advisers and their clients access to nutritional information…
Life insurance reforms ‘delayed to 2018’
03 October 2016
The transition to the proposed Life Insurance Framework is now expected to be delayed to January 2018…
FPA urges unis to offer financial planning programs
03 October 2016
The Financial Planning Association wants universities in Tasmania, SA and WA to work with it to develop programs that meet new industry education standards…
Insurance within super failing: Choice
03 October 2016
Default insurance within superannuation is poorly targeted and does not meet customer needs, Choice says…
AFA names Rising Star contenders
03 October 2016
Six finalists are in the running for this year’s Association of Financial Advisers rising star award, to be presented at the group’s annual conference on Friday…
CBA advice compensation passes $6.7 million
03 October 2016
Commonwealth Bank has paid $6.73 million at August 31 in compensation to clients who received poor advice, according to an update on its Open Advice Review…
Zurich expands risk distribution team
03 October 2016
Zurich Financial Services Australia has revamped its risk distribution team, adding 14 staff after clearing court and regulatory hurdles to purchase Macquarie Life’s risk portfolio…
FSC announces director’s departure
03 October 2016
Financial Services Council Director of Policy Andrew Bragg will step down at the end of next month…
Life code not good enough for October start: AFA
26 September 2016
The Association of Financial Advisers has called for substantial improvements to the draft Life Insurance Code of Practice, even if it means delaying the planned start date…
S&P drops banks’ life insurer ratings
26 September 2016
S&P Global Ratings has lowered from AA- to A+ the long-term ratings on six insurance entities belonging to three major Australian banks…
Zurich clears court hurdle for Macquarie Life purchase
26 September 2016
Zurich Australia is to become the country’s fourth-biggest retail life insurer after the Federal Court gave it the green light to take over Macquarie Life’s risk business…
Default income cover ‘unfair’ for young super members
26 September 2016
The structure of default insurance within MySuper products is unfair for younger members who are essentially subsidising older people, according to Willis Towers Watson…